- This topic has 4 replies, 4 voices, and was last updated 1:37 pm , 10/11 by
Emma.
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Áine
What are your tactics if your bet isn’t matched on betfair?
Do you move the price or wait? How long do you wait for!
so much to consider lol
Profile 42
Hi Aine,
You’re right, there is a lot to consider when placing a bet on Betfair Exchange!
Personally I would take the view that it all depends on your profit as calculated in the Price Matcher. For example, if you were trying to lock in a profit at 2.8 on Betfair, you might still be able to profit all the way up to 2.9. So there’s plenty of room to work with.
It might be annoying moving your price from 2.8 to 2.84 and getting less profit, but not laying off and losing the full bet with the bookmaker is far worse. That’s the one thing we need to avoid.
If there was lots of time until the event, I wouldn’t be in a panic to lay off but I would definitely keep an eye on the price and make a decision reasonably early. You don’t want it drifting and then suddenly you’re making a loss.
Blakey22
Aine, I would advise you to lay too much and then it will give you time to work out the correct stake and then you could back some of it back after if the price moves? or use the intergration because it will calculate the correct lay bet?
If you need to recalculate the lay bit then you only have to change the stake! Like if you are using the calculator and it is a stake of £30 and £12.50 of your lay gets matched you just use the calculator with the same settings but change the lay odds to what they are and change the stake to £17.50 because £12.50 + £17.50 = £30
Oh right, thanks so much for your help guys!
It’s a lot to consider and I was worry am I doing the right things !
Emma
Great tips Profile42 that was helpful for many of us newbies!!
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